DriveWealth Stock

drivewealth.comFinTech / Capital MarketsFounded: 2012Funding to Date: $855.04MM

DriveWealth is a developer of a cloud-based API-driven brokerage infrastructure. This company was founded in 2012 by Julie Coin and Robert Cortright and is headquartered in Jersey City, NJ. DriveWealth's digital trading technology offers digital brokerage solutions to broker-dealers, advisors, and online partners worldwide through its proprietary investment platform.

Register To Buy and Sell Private Company Shares

For more details on private stock price information, financing and valuation for DriveWealth, register or login.
Please provide a valid email address.

By registering, you agree to Forge’s Terms of Use. Already registered? Log in

Private Market Pricing DetailsValuation & Financings

DriveWealth Stock Price

Forge Price 1
Price not yet available
Last Closed Trade 2
Close Date
xx/xx/xx
Last Closed Trade Price
$xx.xx
Last Funding Round (LFR)
Date
xx/xx/xx
Price per Share
$xx.xx

DriveWealth Funding Rounds and Valuation

Funding History Chart
Funding Round Details
Funding Date Share Class Amount Raised Price per Share Post-Money Valuation Key Investors
09/21/2021 Series D-2 $285.41MM $xx.xx $2.85B Insight Partners, Accel, Greyhound Capital, Softbank, Point72 Ventures, Fidelity, Base 10, FTX, FlightDeck
Price per Share
$xx.xx
Shares Outstanding
13,601,000
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Insight Partners, Accel, Greyhound Capital, Softbank, Point72 Ventures, Fidelity, Base 10, FTX, FlightDeck
09/21/2021 Series D-1 $449.89MM $xx.xx $2.85B Insight Partners, Accel, Greyhound Capital, Softbank, Point72 Ventures, Fidelity, Base 10, FTX, FlightDeck
Price per Share
$xx.xx
Shares Outstanding
17,866,000
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Insight Partners, Accel, Greyhound Capital, Softbank, Point72 Ventures, Fidelity, Base 10, FTX, FlightDeck
10/27/2020 Series C $64.49MM $xx.xx $220.39MM Point72 Ventures, Raptor Group, SBI Holdings, Route 66 Ventures, Mouro Capital, Fidelity
Price per Share
$xx.xx
Shares Outstanding
27,640,000
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Point72 Ventures, Raptor Group, SBI Holdings, Route 66 Ventures, Mouro Capital, Fidelity
04/03/2018 Series B $29.2MM $xx.xx $102.16MM Raptor Group, SBI Holdings, Point72 Ventures, Route 66 Ventures
Price per Share
$xx.xx
Shares Outstanding
20,000,000
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Raptor Group, SBI Holdings, Point72 Ventures, Route 66 Ventures
12/01/2016 Series A-2 $9.44MM $xx.xx $67.46MM Route 66 Ventures
Price per Share
$xx.xx
Shares Outstanding
6,466,000
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Route 66 Ventures
05/01/2015 Series A-1 $8.3MM $xx.xx $55.33MM Route 66 Ventures
Price per Share
$xx.xx
Shares Outstanding
6,007,000
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Route 66 Ventures
05/01/2015 Series A $8.3MM $xx.xx $55.33MM Route 66 Ventures
Price per Share
$xx.xx
Shares Outstanding
6,007,000
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Route 66 Ventures

DriveWealth investors also invested in these private companies

Leadership & Board

Leadership

Julie Coin
President
Gary Wiedman
Chief Risk Officer
Michael J. Dugan
Chief Financial Officer
Anthony Ilario
Chief Operating Officer
Robert Cortright
Founder & Chief Executive Officer
Raakhee Miller
Chief Product Officer

Board

Pat Wilson
Route 66 Ventures
Amir Kabir
Munich Re Ventures

DriveWealth stock FAQs

plusminus

Can you buy DriveWealth stock?

As DriveWealth is not publicly traded, purchasing its stock is not available to everyone. To buy the stock of a private companies like DriveWealth, you must be an accredited investor. If you meet the accreditation criteria, you can register for Forge’s Secondary Marketplace to buy private market stock. If you are not accredited, find out how to begin the process and qualify for new investment opportunities.
plusminus

How to buy DriveWealth stock?

To invest in a private company like DriveWealth through Forge, you must first qualify as an accredited investor. (Learn more about the accreditation process.)

  1. Create a free account to access Forge’s marketplace.
  2. Express your interest in specific investments. Within Forge Markets, you will find detailed pricing and financing information for thousands of private companies.
  3. Throughout this process, a dedicated Forge Private Market Specialist will be available to address any questions you may have and to guide you seamlessly through each step of the transaction.
plusminus

Can you sell DriveWealth stock?

Yes, you may sell the DriveWealth stock you currently own. Forge can help you facilitate the sale of your stock in a manner that aligns with your needs and the company’s interests. If you are looking for liquidity, register with us today to begin the process. A dedicated Forge Private Market Specialist will be available to address any questions you may have along the way.
plusminus

How to sell DriveWealth stock?

If you hold private company shares of DriveWealth – whether as an employee or an early investor – Forge can help you sell them.

  1. Create a free Forge account, this will give you access to Forge’s marketplace and to one of our experienced Private Market Specialist to answer any questions you might have.
  2. Indicate your interest to sell your DriveWealth on our platform.
  3. Work with your dedicated Private Market Specialist who’ll help guide you through every step of the transaction.
plusminus

Is DriveWealth a public company?

No, DriveWealth is a privately held company and is currently not publicly traded on any stock markets including NYSE or NASDAQ.
plusminus

What is DriveWealth’s stock price?

DriveWealth is a privately held company and therefore does not have a public stock price. However, you may access DriveWealth private market stock price with Forge Data.
plusminus

What is DriveWealth’s stock ticker symbol?

DriveWealth does not have an official ticker symbol because this company is not currently publicly traded.
plusminus

Can institutional investors buy and sell private market stocks?

Yes. As one of the largest trading platform for the private market, Forge helps institutional investors seek liquidity as they buy and sell private stock for their portfolios or their clients. Our private market specialists have decades of experience working with institutional firms. Learn more or register today to get started.

DriveWealth’s news and media highlights

Papara, the market-leading Turkish fintech, announced at Money 20/20 Europe its partnership with DriveWealth, a leading financial technology platform providing Brokerage-as-a-Service. The partnership and investment product will provide Papara’s 20 million users with the ability to invest real-time in U.S. stocks on the Nasdaq and NYSE starting in October. Since 2020, the number of retail investors in Turkey has surged from 1.2 million to over 8 million. With DriveWealth’s industry-leading fractional investing solution, Papara users will be able to buy or sell fractional shares in U.S. equities and ETFs, creating a new generation of empowered retail investors.
DriveWealth, the SoftBank-backed start-up that helps fintech firms including Revolut offer stocks, is getting into cryptocurrency trading, CNBC has learned. The New Jersey based start-up, valued at $2.85 billion in a recent fundraising, is acquiring a crypto firm founded by Harvard-trained quants and launching two subsidiaries to handle and execute trades, according to DriveWealth CEO Bob Cortright. Unlike consumer-facing firms Coinbase or Robinhood , DriveWealth is a behind-the-scenes player.
DriveWealth, LLC, a pioneer in fractional investing and embedded finance, has formed a partnership with Grupo Bursátil Mexicano (GBM), the investment platform and brokerage company that is streamlining the investing sector with the goal of democratizing investing in Mexico. By leveraging DriveWealth’s real-time fractional trading tech and API-based brokerage infrastructure, Mexican investors will “gain affordable and expanded access to investing in U.S. equities,” according to the announcement.
DriveWealth, LLC, a pioneer in fractional investing and embedded finance, will work with Vector Capital Corredores de Bolsa SpA, a broker-dealer which partners up with Racional. Racional is a Chile-based, mobile-first investment platform that enables millennials and Gen Z investors to easily save using passive low-cost portfolios to achieve their financial goals. Leveraging DriveWealth’s real-time fractional trading technology and API-based brokerage infrastructure, Chilean investors will gain affordable access to investing in US equities for the first time.
Updated on: Nov 17, 2024

PLEASE READ THESE IMPORTANT LEGAL NOTICES & DISCLOSURES

1. Forge Price™ is a custom data-point calculated and disseminated by Forge Data LLC (“Forge Data”) and is a mark of Forge Data. Forge Price may rely on a very limited number of inputs in its calculation. Forge Price is prepared and disseminated solely for informational purposes. Redistribution is permitted solely with Forge’s written consent. While Forge has obtained information from sources it believes to be reliable, Forge does not perform an audit or undertake any duty of due diligence or independent verification of any information it receives. Forge does not guarantee the accuracy, completeness, timeliness, or availability of Forge Price, and are not responsible for any errors or omissions, regardless of the cause, or any results obtained from the use of Forge Price. Forge Price is derived from secondary activity on the Forge platform and other private market trading platforms, and other publicly-available datapoints collected by Forge.  Forge Price is not intended to, and does not necessarily, represent the market price of any securities (I.e., the price at which you could buy or sell such securities). Neither reference to company names, nor calculation of Forge Price for a specific company, implies any affiliation between Forge and that company, any endorsement or sponsorship by Forge of any company or vice versa, or any partnership, joint venture or other commercial relationship between Forge and any company. Rights with respect to any company marks referred to herein are owned by the company.

2. The Last Closed Trade price displayed reflects the price at which the last trade in this company's security occurred on Forge, and can include secondary trades in any class of the company's security, or trades in units of funds holding the company's securities (the economics of which differ versus direct company ownership). The date displayed reflects the date on which the last trade in this company's security closed on Forge. This may be several weeks after the terms of the trade were agreed upon between the buyer and seller. In case of multiple trades closed on the same date, the price displayed is of either (i) the trade which terms were agreed upon most recently; or (ii) the trade with the higher notional value.

‘Stock Price’ or other private company metrics (‘PC Data’) may rely on a very limited number of trade and/or IOI inputs in their calculation. PC Data is prepared and disseminated solely for informational purposes. While Forge has obtained information from sources it believes to be reliable, Forge does not perform an audit or undertake any duty of due diligence or independent verification of any information it receives. Forge does not guarantee the accuracy, completeness, timeliness, or availability of PC Data, and are not responsible for any errors or omissions, regardless of the cause, or any results obtained from the use of PC Data. PC Data is derived from the performance and pricing of secondary activity on the Forge platform and other private market trading platforms. PC Data is not intended to, and does not necessarily, represent the market price of any securities (I.e., the price at which you could buy or sell such securities). Reference to company names does not imply any affiliation between Forge and that company, any endorsement or sponsorship by Forge of any company or vice versa, or any partnership, joint venture or other commercial relationship between Forge and any company. Rights with respect to any company marks referred to herein are owned by the company.

Public news articles listed on this page have been curated by Forge based on several factors including, but not limited to, product updates, changes in organization structure, funding rounds, third-party valuations, and key personnel changes. Changes to this list of articles can be made at any time without notice and should not be relied upon for investment purposes. Forge does not verify the accuracy of the information contained in public news articles.

Investing in private company securities is not suitable for all investors, is highly speculative, is high risk, and investors should be prepared to withstand a total loss of their investment. Private company securities are highly illiquid and there is no guarantee that a market will develop for such securities. Each investment carries its own risks, and investors should conduct their own due diligence regarding the investment, including obtaining independent professional advice. Past performance is not indicative of future results. This is not a recommendation, offer, solicitation of an offer, or advice to buy or sell securities by Forge, nor an offer of brokerage services in any jurisdiction where Forge is not permitted to offer brokerage services. Brokerage products and services are offered by Forge Securities LLC, a registered broker-dealer and member FINRA/SIPC. Please see other important disclaimers, disclosures and restrictions you acknowledge by using this website and to which you are subject.